Business Manufacturing

TechShop Seeks Big Bucks Using JOBS Act

A TechShop maker cuts metal on a flowjet in the Detroit facility.

With the public announcement of a $60 million investment offering this morning, TechShop is among the first to attempt to leverage eased fundraising regulations made possible by the JOBS Act. An 80-year SEC ban on general solicitation and advertising for certain offerings was lifted today as a result of the act. TechShop CEO Mark Hatch, who spoke at Techonomy Detroit 2012, told us Friday that the company is seeking $30 million in a Series B Preferred stock offering to support corporate overhead, and $30 million more in loans to fund construction of at least 11 new local TechShop facilities, support the new location in Pittsburgh, and relocate the one in Menlo Park.   More

Global Tech

Beirut’s Coders Convene for Community and Social Progress

LebGeeks founder Samer Nakfour (photo by Jo Baaklini)

AltCity is a co-working space tucked away from the hustle and bustle of one of Beirut’s busiest neighborhoods, Hamra. On a Friday summer night, a mostly male crowd is settling in for the second in a series of Programmer Talks hosted by LebGeeks, an online forum and community for Lebanese technophiles. The room is filling up fast and buzzing with Arabic chatter, before the English-language presentations begin. The small space boasts typical techie décor: bean bag chairs, neon painted pipes, concrete floors, white boards galore   More

Internet of Things

“Rise of the Machines” Forecasts a Digitized Future that is Happy, Healthy—and Scary

CNBC's Melissa Lee in a driverless car

We have seen a glorified yet apprehensive vision of the future in literature and film for years, from Jules Verne to “The Jetsons.” These fictional portrayals of the future suggest that while new inventions and computers will make our lives easier, there are risks involved—especially as computers become more and more humanlike. Today this fiction is almost a reality. “Rise of the Machines,” a documentary that aired last week on CNBC, explores the risks and rewards of the very real Internet of Things, where machines speak to each other and us to solve problems and make our world smarter.   More

Business

Dorsey Tells Entrepreneurs: Meet Customers Where They Are

From left, David Kirkpatrick, Jack Dorsey, Scott Moloney, Catherine Kelly, and Alex Southern (photo by Asa Mathat)

An ice cream maker, a newspaper publisher, food trucks, pop-up shops, and numerous farmers’ market vendors are among the thousands of small businesses in Detroit using mobile apps invented by Jack Dorsey—namely Twitter and Square—to win customers, manage sales, and save time. In fact, Square has already helped to power $174 million in transactions for 5,500 Detroit businesses, the company claims. And at Techonomy Detroit this week Dorsey said entrepreneurs can expect more developments targeted to their businesses from him in the future.   More

Manufacturing

How the Maker Movement Is Reinventing Retail

From left, Lou Rassey, Matt Clayson, Chad Dickerson, Marleen Vogelaar, and K. Venkatesh Prasad

The jury is still out on whether the maker movement could bring about a new American industrial revolution. But anecdotal evidence suggests it is well on its way to reinventing retail. Etsy CEO Chad Dickerson and Shapeways co-founder Marleen Vogelaar joined Detroit Creative Corridor Center director Matt Clayson and Ford’s open innovation guru K. Venkatesh Prasad for a “maker movement” discussion moderated by McKinsey & Company principal Lou Rassey at the Techonomy Detroit conference.   More

Detroit 13 Government Video

A Conversation with Michigan Governor Rick Snyder

Techonomy's David Kirkpatrick speaks with Michigan Governor Rick Snyder at the Techonomy Detroit 2013 conference. Watch video and read the complete transcript here.   More

Detroit 13 Video

Turbo Charging Detroit’s Techonomy

Catherine Kelly of Michigan Citizen News, Scott Moloney of Treat Dreams, and Alex Southern of GrowDetroit join Square CEO and Twitter co-founder Jack Dorsey and Techonomy's David Kirkpatrick for a discussion about how Detroit's economy can thrive in a technologized age. Watch video and read the complete transcript here.   More

Detroit 13 Cities Video

City Re-Vision: Towards a Techonomic Detroit

Dan Gilbert of Quicken Loans and Bruce Katz of the Brookings Institution join Edward Luce of the Financial Times for a discussion about Detroit's economic future. Watch video and read the complete transcript here.   More

Detroit 13 Learning Video

Education 2.0 for Americans 2.0

John Wm. Covington of the Education Achievement Authority of Michigan, Marlin Page of Sisters Code, Hector Ruiz of Advanced Nanotechnology Solutions, and Cisco's Tae Yoo join Techonomy's David Kirkpatrick to discuss education in a technologized age. Watch video and read the complete transcript here.   More

Detroit 13 Manufacturing Video

A New Age of Manufacturing

Zachary Karabell of River Twice Research interviews Rethink Robotics founder Rodney Brooks about the evolution of manufacturing in a technologized economy. Watch video and read the complete transcript here.   More

Detroit 13 Manufacturing Video

Can the Maker Movement Re-Make America?

Matt Clayson of the Detroit Creative Corridor Center, Etsy's Chad Dickerson, Ford's K. Venkatesh Prasad, and Marleen Vogelaar of Shapeways join McKinsey's Lou Rassey to discuss the impact of the maker movement on the U.S. economy. Watch video and read the complete transcript here.   More

Detroit 13 Video

The New People Rules in a Virtual World

Keith Ferrazzi of Ferrazzi Greenlight Productions discusses the new era and new rules of networking. Watch video and read the complete transcript here.   More

Detroit 13 Startup Culture Video

Everybody’s Starting Something

Jocelyn Benson of Wayne State University, Josh Linkner of Detroit Venture Partners, and Venture for America's Andrew Yang join Tom Walsh to discuss the new wave of startup culture. Watch video and read the complete transcript here.   More

Detroit 13 Cities Video

What Makes a City Great?

Patrick Finn of McKinsey & Company discusses the latest studies about what makes a city work. Watch video and read the complete transcript here.   More

Detroit 13 Government Video

Keeping the U.S. Competitive in a Hyper-Connected World

Nilmini Rubin, senior advisor for global economic competitiveness to the U.S. House of Representatives Committee on Foreign Affairs, joins Techonomy's David Kirkpatrick at Techonomy Detroit to discuss how the U.S. can compete in a networked world. Watch video and read the complete transcript here.   More

Detroit 13 Video

The Push for the Prize

Jean Case of The Case Foundation joins Jeff Green of Bloomberg News to discuss how prizes incentivize creativity and innovation. Watch video and read the complete transcript here.   More

Detroit 13 Jobs Video

Where Are the Jobs?

Nolan Finley of The Detroit News, Felix Ortiz of Viridis Learning, the University of Michigan's Joel Tauber, and Dow's Carol Williams join Susan Lund of the McKinsey Global Institute to discuss job creation. Watch video and read the full transcript here.   More

Detroit 13 Internet of Things Video

Business and the Economy in an Internet + Everything World

Amit Kumar of Bitponics, Michael Mandel of the Progressive Policy Institute, Cisco's Vishakha Radia, and Greg Ross of General Motors join Bloomberg's Emily Chang to discuss how the Internet of Everything is changing everything. Watch video and read the complete transcript here.   More

Cities Government

Next Step To a Techonomic Detroit? The Wrecking Ball

"City Re-Vision: Towards a Techonomic Detroit" panel with Dan Gilbert of Quicken Loans and Bruce Katz of the Brookings Institution, and moderated by Edward Luce. Photo via Asa Mathat.

Demolition isn’t exactly a techonomic concept, but clearing Detroit of tens of thousands of burned-out houses and crumbling factories is a crucial next-step in urban renewal here, according to Dan Gilbert. In fact, he’d like to see a digital billboard count down the progress to the last razed building. Efforts to improve education, support entrepreneurship, and boost Detroit's cultural hub won’t mean much to locals until the blight is cleared, Gilbert argued. “If we get these structures down, all of them, we’ll be amazed at how quickly this land gets redeveloped," he said.   More

Business Techonomy Events

Techonomy Detroit 2013 Webcast

We just wrapped up Techonomy Detroit 2013, but you can watch the entire conference, start-to-finish, right here. Techonomy Detroit is a series of conversations and workshops we began last year at our first Detroit conference. Our urgent theme is the role of technology and innovation in boosting American economic growth, job creation, and urban revival. The all-day Techonomy Detroit focuses on issues that form the foundation of the urban century, with technology at the core of the conversation. We see it as the central source of both disruption and opportunity. Join our live webcast of Techonomy Detroit, Tuesday, Sept. 17, from 8:30am through 5:45pm.   More